NATIONAL ELEC H (00213) Subsidiary Plans to Acquire Hong Kong Property for 195 Million Hong Kong Dollars

NATIONAL ELEC (00213) announced on July 17, 2026 (after trading hours) that the buyer, Shu Tian Limited (an indirectly wholly-owned subsidiary of the Company), has entered into a provisional agreement with the seller, Cerana Limited, regarding the acquisition of a property, with a total cash consideration of HKD 195 million. It is expected that the acquisition will be completed on the completion date, following the execution of a formal contract and the satisfaction of the stipulated conditions precedent. The property consists of three plots of land located in Sheung Wan, Hong Kong, registered as Inland Lot No. 863 F residue, Inland Lot No. 863 E, and Inland Lot No. 863 D residue, along with the residential buildings, structures, and premises situated at 94, 96, and 98 Bonham Strand East in Hong Kong. The Board of Directors believes that the acquisition provides a good opportunity for the Group to expand its property portfolio. Considering the current market conditions and the strategic location of the property, the Directors believe that the terms of the acquisition are fair and reasonable, and in the overall interests of the Company and its shareholders.